Digerati Tech terminates merger with MEOA after Nasdaq halt and missed June 15 deadline

Digerati Technologies, Inc.

Digerati terminated Business Combination Agreement with MEOA on June 15, 2023; deal did not close by termination date.
Nasdaq halted MEOA trading on May 24, 2023, preventing approval of combined company listing application.
As of June 22, 2023, neither party has sought a termination fee under the agreement.
Planned merger would have made Digerati a wholly-owned subsidiary of MEOA, renamed Verve Technologies.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Digerati Technologies, Inc. terminated Business Combination Agreement with Minority Equality Opportunities Acquisition Inc., MEOA Merger Sub, Inc. (effective 2023-06-15).

Action: termination
Agreement: merger
Counterparty: Minority Equality Opportunities Acquisition Inc., MEOA Merger Sub, Inc.
Effective: 2023-06-15

Exact text from the filing

On June 15, 2023, Digerati terminated the Business Combination Agreement pursuant to Section 7.1(d) of the Business Combination Agreement.

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Digerati Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-051050

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